HDFCBANK has formed head & shoulders pattern on the Daily chart with 1590 as the base. The stock has broken down from 1590 base on 10 Jan.
If the breakdown continues, we can go short with the measured move target of 1508.
HDFC Bank has been halting on the higher levels and is consolidating in a 3% range.
The stock has been forming a flag and pole pattern on weekly time frame.
The stock has closed near the resistance zone and is trading above the 20 DMA.
Banknifty has been forming new highs and HDFC has the high percentage in the index.
Trade can be carried in this stock for...
Hdfc bank is moving within a parallel channel between 1590 and 1640 , Buy HDFCBANK above 1640 or Sell HDFCBANK below 1590 , both on daily closing basis . Same with stoploss , if buying then SL 1630 on daily closing basis , if selling then SL 1600 on daily closing basis . Currently wait for breakout or breakdown
HDFC BANK
Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset's chart shows a gap in the normal price pattern. The enterprising trader can interpret and exploit these gaps for profit.
Hi Guys,
HDFC Bank made triangle pattern.
Either side breakout can give you good return.
Support and resistance marked by trend line.
You can take intraday position as per your analysis.
Note - Please do proper analysis and maintain strict SL before taking any trade.
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HDFCBANK has formed Head & Shoulders pattern on the weekly chart and is breaking down from its trendline at 1250 zone. Breakdown from here can take the price all the way to measured move target of 990-1000.
Note that 200WMA may also act as support at this 1250 zone and we may see the price halting here, hence 1250 is a crucial support zone for the stock. If held,...
HDFC Bank is getting ready for a big fall if is sustains below 1290. Please follow white marked lines for targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Along With Nifty Banknifty Is Not Falling Just Because Of HDFC Bank But Tomorrow We Can See 20-25 Points Downside Movement In HDFC Bank Also Which Trigger In BAnknifty Along With Nifty
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Look at HDFC Bank Chart, on Friday had taken support from it's trendline and able to close his day above the trendline successfully. But on tomorrow, need to look at that level again because if breakdown will happen then we can see share price trading near by 1400 level.
Intraday Trade Logic in HDFCBANK on 13 Dec 2021
While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :-
Buying
short Selling
After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit
But As today market opened...
NSE:HDFCBANK
Observations:
1) On 1day time frame, it is between 10DMA and 21DMA.
On Friday, it closed just below 21DMA.
10DMA is placed at 1517.15 level and 21DMA is placed at 1524.43 level.
If it trades above 1525 level then it will work as support.
Otherwise immediate support range will be 1515-1517 level.
Please refer below chart : 1day Time...
If 1560 level Breaks then HDFC bank will fall up to Support level 1530 We cam keep it as 1st TGT & fail to take Support @ 1530 then the 2nd TGT is 1490.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only...
![HDFCBANK: Simple Trade Setup | HDFCBANK | 13-12-2021 [ INTRADAY ]](https://s3.tradingview.com/t/TSZSkaV5_mid.png "Simple Trade Setup | HDFCBANK | 13-12-2021 [ INTRADAY ]")
